The housing market in East Orange, NJ (07017) is currently showing more appreciation than the national average. The median value of homes in this area is $366,000, which is 8.5% higher than the national median value of $338,100. Additionally, the appreciation rate for houses in East Orange over the past year was 10.07%, compared to the US-wide appreciation rate of 8.27%. These numbers indicate that home values have been steadily increasing in East Orange and show a healthy housing market in this city.
The median home cost in East Orange (zip 07017) is $366,000. Home appreciation the last 10 years has been 66.2%. Home Appreciation in East Orange (zip 07017) is up 13.9%.
Average Age of Homes
- The median age of East Orange (zip 07017) real estate is 61 years old
The Rental Market in East Orange (zip 07017)
- Renters make up 59.4% of the East Orange (zip 07017) population
- 2.2% of houses and apartments in East Orange (zip 07017), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.